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Robinhood Chain sees over $70 million ETH bridged in its debut week, driving $433 M DEX volume and memecoin rallies – see the on‑chain metrics and what to
Robinhood Chain attracted more than $70 million of Ether in its first week, propelling the new Arbitrum‑based L2 to $433 million of 24‑hour DEX volume and sparking massive gains in meme‑coin tokens. The rapid inflow underscores immediate demand for ETH as gas on a platform that instantly taps Robinhood’s retail user base.
| At a glance | |
|---|---|
| ETH bridged (first week) | > $70 million |
| 24h DEX volume | ~$433 million |
| Daily active users | ~194,000 |
| Catalyst | Launch of Robinhood Chain (July 1) using ETH for gas |
Token Terminal reported that more than $70 million of Ether was bridged to Robinhood Chain during its inaugural week, making the L2 the busiest new network by transaction count and active addresses【3】. The chain processed over 5.2 million transactions and generated roughly $39,000 in daily revenue, an annualized run rate near $14 million【3】. Because the network uses ETH as its native gas token, each transaction creates recurring demand for Ether on the Ethereum mainnet, a point highlighted by analysts at Bitrue and HashKey who called the activity “strongly bullish” and a “clear, structural positive for ETH”【2】.
The bulk of the trading activity has been driven by meme‑coins such as Cash Cat, which reached a $180 million market cap and posted an 80 % jump, alongside other Robinhood‑themed tokens like Dog In Hood and Hoodrat that posted gains of several hundred percent【1】. On‑chain data from DefiLlama shows the chain’s total value locked (TVL) at 46,748 ETH (about $83 million) and a single‑day inflow of 31,855 ETH (~$55 million)【3】. This volume places Robinhood Chain fifth among all blockchains for 24‑hour DEX volume, overtaking established L2s such as Hyperliquid【1】.
While the ETH price hovered around $1,775 during the week—still 64 % below its August 2025 peak—its role as the gas token on Robinhood Chain adds a new demand sink for the asset【2】. The chain’s rapid climb from a near‑zero base to roughly $94 million in TVL (a 7 million‑percent increase) illustrates how a fresh L2 can quickly amass liquidity when paired with a large retail audience and meme‑driven trading【1】.
The $70 million ETH bridge demonstrates that Robinhood’s entry into the L2 space can instantly generate significant on‑chain activity, but the durability of this momentum hinges on whether user growth and transaction volume can extend beyond meme‑coin speculation.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 11, 2026 · How we report
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